Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction
Order Date: November 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected appeals filed by Axis Bank Ltd. and another appellant. The appeals, registered as Company Appeal (AT) (CH) (Ins) No. 266/2026 and Company Appeal (AT) (CH) (Ins) No. 267/2026, are directed against Ms. Renuka Devi Rangasamy, who is the Resolution Professional (RP) for the consolidated corporate debtors. The corporate debtors in this insolvency proceeding are Regen Powertech Pvt. Ltd. and Regen Infrastructure and Services Pvt. Ltd. The appeals also have several Interlocutory Applications (IAs) attached to them, specifically IA Nos. 747, 749, 750, 1143/2026 for the first appeal and IA Nos. 751, 752, 753, 1144/2026 for the second appeal. The matter was heard in hybrid mode. Representing the appellants, Axis Bank Ltd., was Mr. Frank, Advocate. Representing the respondent, the Resolution Professional, was Mr. Chethan Sagar, Advocate, who was also appearing for an intervenor. The bench comprised Justice N. Seshasayee, Member (Judicial), and Jatindranath Swain, Member (Technical).
Final Outcome
The NCLAT bench did not adjudicate on the merits of the appeals but issued a procedural direction to adjourn the hearing. The tribunal ordered that both appeals be listed next for hearing on December 2, 2026. The final outcome of the appeals and the related interlocutory applications remains pending and will be determined at a future date.
Topics: Corporate Insolvency, NCLAT Proceedings, Financial Creditor Dispute